Bombardier profits down in 2Q2012

Bombardier revenue down 12% - financial highlights:

• Three months ended 30-Jun-2012:
  • Revenue: USD4170 million, -12.2% year-on-year;
    • Bombardier Aerospace: USD2265 million, +8.6%;
      • Commercial aircraft: USD315 million, -31.7%;
  • EBIT: USD220 million, -25.7%;
    • Bombardier Aerospace: USD102 million, -2.9%;
  • Net profit: USD182 million, -13.3%;
  • Aircraft deliveries: 62 aircraft, +10.7%;
  • Net orders: 146 aircraft, +69.8%;
• Six months ended 30-Jun-2012:
  • Revenue: USD7675 million, -18.4%;
    • Bombardier Aerospace: USD3764 million, -11.9%;
      • Commercial aircraft: USD483 million, -49.4%;
  • EBIT: USD435 million, -28.5%;
    • Bombardier Aerospace: USD193 million, -21.5%;
  • Net profit: USD367 million, -14.7%;
  • Aircraft deliveries: 99, -15.4%;
  • Firm order backlog:
    • Bombardier Aerospace: USD25,200 million, +14.5% when compared to period ended 31-Dec-2011;
  • Total assets: USD24,319 million, +1.9% when compared to period ended 31-Dec-2011;
  • Cash and cash equivalents: USD2479 million, -26.5% when compared to period ended 31-Dec-2011;
  • Total liabilities: USD23,583 million, +1.7% when compared to period ended 31-Dec-2011. [more - original PR]

Bombardier: "In Aerospace, revenues for the quarter were higher at USD2.3 billion compared to USD2.1 billion last year, with overall deliveries of 62 aircraft compared to 56. The level of new orders in Business Aircraft was quite strong and the momentum continues in Commercial Aircraft with 174 orders and other agreements announced so far this year. Our new aircraft development programs are achieving major milestones and both the CSeries and the Learjet 85 are driving towards entry into service by the end of 2013," Pierre Beaudoin, president and CEO. Source: Company statement, 09-Aug-2012.